During the AGM members voted on a number of motions, including the re-appointment of Melissa Bastian and Anne-Marie Corboy as Directors of the Board. Members also voted to approve a 2.5% increase to the total remuneration shared by the Board’s seven non-executive Directors. A number of amendments were also approved for Bank Australia’s Constitution, including:

recognising the Traditional Owners of the land and waters on which Bank Australia operates, in line with our commitment to recognise and support Australia's First Peoples

providing more clarity on how a customer’s direct vote operates at AGMs

amending the director election timetable to allow more flexibility when the Board is determining meeting dates

simplifying the AGM standing orders to provide for greater procedural clarity for members

extending existing demutualisation protection rules in the Constitution for a further three years to 2021

making minor amendments to ensure consistent use of terminology and style throughout the Constitution.

In addition to the customers who cast their vote in person last night, over 5000 members had their voices heard by voting via the independent online election system CorpVote.

Our Chair reiterated the Board’s steadfast commitment to ensure Bank Australia remains true to its purpose and maintains a culture of accountability and responsible behaviour, in a climate of increased scrutiny and strong community expectations about bank behaviour.